1) To test the Efficiency market hypothesis (EMH), researchers have designed some tests meant to discover whether there is any specific pattern in prices or returns of particular stocks, and even in price-index of stock markets. Which one of the following EMH versions this type of tests is specifically addressing? a. The weak version of EMH b. The semi-strong version of EMH c. The strong version of EMH d. All three versions of EMH 2) Which one of the following assumes that markets are efficient? a. Market overreacts to good and bad news, resulting in stock price movements that do not correspond to a company's longterm fundamentals. b. There is no need to spend time or resources on the stock selection or market timing c. Investing is the process of doing detective work to find these secret sales on stocks and buying them at a discount compared to how the market values them. d. Everything from a company's fundamentals to broad market factors to market psychology are already priced into the stock 3) Who is regarded as the father of the so called "efficient market hypothesis" ? a. Maurice Kendall b. Eugene Fama c. Louis Bachelier d. Burton Malkiel 4) "The best investing strategy is to invest in index funds, which have historically outperformed the majority of actively managed funds." This statement is in agreement with which one of the following investment strategies? a. Technical analysis. b. Value investing. c. Passive strategy. d. Growth investing